David Futcher, CPA/ABV & Jerri Henry offer tips and tricks for improving your tax situation, advice on effective business operations, and more in this service from the Futcher-Henry CPA Group.
Friday, March 18, 2011
Top IRS Audit "Red Flags"
While audits of individual tax returns are relatively uncommon, the rate has been increasing recently. According to recent statistics, 1.11% of individual returns were audited last year, the highest rate since 1997. If you've ever wondered what kinds of things might get you audited, check out this list of "red flags" from Kiplinger.
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